Sachin said he was happier because of the reception he was given by the neighbours.
The earlier plot had a bungalow which he demolished and reconstructed his home.
The renovations cost him between Rs 40 to 45 crore.
The house cost him around Rs 80 crore.
Tendulkar said he was waiting for the day he could move into his new house.
It is situated at Perry Cross road in Bandra.
The pre-independence Parsi villa, bought at a cost of Rs 39 crores in 2007, is spread over close to 9000 feet.
The gigantic house has 5 floors, with one and half floor underground in accordance with BMC regulations on building heights.
The palatial bungalow has been recommended highly by astrologers and is expected to bring good luck to the legendary sportsman.
The earlier plot he had bought for Rs 35 to 39 crore.
Mediapersons throng the outside of Sachin's house.
The house which will now have the first citizen of Indian cricket residing in it.
He said the family has been waiting for this day for a while.
Sachin Tendulkar shifted in to his new house in Mumbai's posh Bandra locality on September 28.
Sachin Tendulkar, center, reacts as he interacts with school children who arrived to greet him after he moved to his new house in Bandra area in Mumbai.
People gather outside cricket player Sachin Tendulkar's new house in Bandra area which he moved into Wednesday in Mumbai.
Sachin Tendulkar, center, receives flowers from school children who arrived to greet him after he moved to his new house in Bandra area in Mumbai.
Sachin Tendulkar, center, receives sweets from school children who arrived to greet him after he moved to his new house in Bandra area in Mumbai.
Tendulkar has given up his last house so that it could be used by other sportsmen which he had got on the sports quota.